Being an entrepreneur isn’t something that a person typically learns. Being an entrepreneur is all about a state of mind and how a person reacts to different situations. Almost every situation in life has multiple outcomes, entrepreneurs are those that find the best alternative and run with it, even when someone is yelling “No!” Being an entrepreneur is all about taking an idea, a business, or a service and making it into a viable solution. Does this sound like you already?
Costs for starting a franchise can range anywhere from less than $10,000 to over $1 million, with a majority of them in the range of $50-100,000. Determining what you can afford should be one of the first things you do when you start your research. Knowing how much you can invest in the business or how much you’ve been approved for, will help you set an overall budget.